Pfizer Correlations

PFE Stock

USD 30.77 1.01 3.39%

The current 90-days correlation between Pfizer Inc and Amgen Inc is 0.26 (i.e., Modest diversification). The correlation of Pfizer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Pfizer Correlation With Market

Weak diversification

The correlation between Pfizer Inc and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfizer Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pfizer Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Pfizer Stock

0.64	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.87	AMGN	Amgen Inc	Pair Corr

Moving against Pfizer Stock

0.43	KZR	Kezar Life Sciences	Pair Corr
0.43	ADTX	Aditxt Inc	Pair Corr
0.39	ADVM	Adverum Biotechnologies	Pair Corr
0.37	KTTA	Pasithea Therapeutics	Pair Corr
0.36	LFCR	Lifecore Biomedical Trending	Pair Corr
0.65	VREX	Varex Imaging Corp Fiscal Year End 12th of November 2024	Pair Corr
0.54	ATHE	Alterity Therapeutics	Pair Corr
0.53	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.52	BRKR	Bruker	Pair Corr
0.44	COLL	Collegium Pharmaceutical	Pair Corr
0.43	ALVO	Alvotech	Pair Corr
0.42	VMD	Viemed Healthcare	Pair Corr
0.41	TCBPW	TC BioPharm plc	Pair Corr
0.41	ALVOW	Alvotech Warrant	Pair Corr

Related Correlations Analysis

	AMGN	444859BR2	AQUI	MLGO	VIASP	91324PDZ2	GFF	COKE
AMGN		0.77	0.0	0.15	0.11	0.61	0.17	0.83	AMGN
444859BR2	0.77		0.0	0.2	-0.05	0.58	-0.11	0.81	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
MLGO	0.15	0.2	0.0		0.41	0.15	-0.51	0.4	MLGO
VIASP	0.11	-0.05	0.0	0.41		0.22	-0.25	0.22	VIASP
91324PDZ2	0.61	0.58	0.0	0.15	0.22		-0.08	0.58	91324PDZ2
GFF	0.17	-0.11	0.0	-0.51	-0.25	-0.08		-0.19	GFF
COKE	0.83	0.81	0.0	0.4	0.22	0.58	-0.19		COKE
	AMGN	444859BR2	AQUI	MLGO	VIASP	91324PDZ2	GFF	COKE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

COKE	+ 0.83	AMGN
COKE	+ 0.81	444859BR2
444859BR2	+ 0.77	AMGN
91324PDZ2	+ 0.61	AMGN
91324PDZ2	+ 0.58	444859BR2
COKE	+ 0.58	91324PDZ2

High negative correlations

GFF	- 0.51	MLGO
GFF	- 0.25	VIASP
COKE	- 0.19	GFF
GFF	- 0.11	444859BR2
GFF	- 0.08	91324PDZ2
VIASP	- 0.05	444859BR2

Risk-Adjusted Indicators

There is a big difference between Pfizer Stock performing well and Pfizer Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pfizer's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMGN	1.11	0.26	0.23	0.26	0.82	(1.31)	2.37	(1.73)	15.61
444859BR2	0.47	0.06	0.01	(2.81)	0.44	(0.55)	1.29	(0.85)	3.02
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLGO	28.91	9.08	0.76	0.78	10.81	(53.22)	12.87	(20.75)	711.84
VIASP	1.68	0.05	0.01	0.18	2.99	(1.50)	4.33	(4.97)	16.82
91324PDZ2	1.10	0.00	(0.03)	0.00	2.12	(1.04)	1.91	(1.76)	4.67
GFF	1.93	0.01	0.03	0.06	2.30	(1.95)	3.84	(3.97)	12.66
COKE	1.45	0.45	0.22	2.30	1.44	(1.72)	2.30	(2.01)	24.04

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